Boeing

Chernobyl 'Safe' For Another Century Thanks To World's Largest Moving Structure

Over 30 years after a botched test at the Soviet nuclear plant sent clouds of smoldering nuclear material across large swathes of Europe, the world's largest land-based moving structure has been slid over the Chernobyl nuclear disaster site to prevent deadly radiation spewing from the stricken reactor for the next 100 years.

Schwarzman, Dimon, Fink Will Advise Trump How To Create Jobs

Donald Trump today announced that he is establishing the President’s Strategic and Policy Forum. The Forum will be called upon to meet with the President "frequently to share their specific experience and knowledge as the President implements his plan to bring back jobs and Make America Great Again. The Forum will be chaired by Stephen Schwarzman, Chairman, CEO, and Co-Founder of Blackstone." Its members also include Jamie Dimon and Larry Fink.

Frontrunning: November 29

  • Monte dei Paschi’s Future Hangs on Sunday Vote (WSJ)
  • Trump Son-in-Law Jared Kushner Could Face Conflict-of-Interest Questions (WSJ)
  • In OPEC’s High-Stakes Poker Game, Iran and Iraq Call Saudi Bluff (BBG)
  • Iran, Iraq at loggerheads with Saudis ahead of OPEC meeting (Reuters)
  • High-Profile Private Investors Take Hit on Theranos (WSJ)

Frontrunning: November 28

  • Trump Alleges That ‘Millions of People’ Voted Illegally (WSJ)
  • Oil slip sends dollar, bond yields skidding (Reuters)
  • Italian Lenders Slide on Vote Worries to Drag Down Europe Stocks (BBG)
  • OPEC makes last-ditch bid to save oil deal as tensions grow (Reuters)
  • How Iran, Russia Could Derail Oil-Production Deal (WSJ)
  • Tug of War Delays Some of Trump’s Key Appointments (WSJ)

Global Stocks Slide On Italian Bank Worries; Dollar Dips As Trumpflation Takes A Back Seat

European shares dipped and U.S. equity-index futures (-0.3%) pointed to a lower open as traders questioned the stability of the Italian banking sector ahead of next weekend's referendum as well as the longevity of the Trumpflation rally, pressuring the dollar.  "It's a bit of a pull back in the dollar," said Societe Generale strategist Alvin Tan. "The fall in oil is pushing back U.S. bond yields and that is leading the consolidation in the dollar.. there is more scepticism about an (OPEC) output cut now."

Geopolitical Overhaul: What Will A Post-Obama World Look Like?

Debt reduction and the visible reduction of what is seen internationally as overbearing statism in the U.S. economy will be critical to building back long-term U.S. global capabilities. The U.S. has not seen such an opportunity for strategic reversal since the Reagan Administration. But only if the incoming Administration adheres to the principles which won it the election, and avoids the compromises which the bureaucratic base of government will attempt to force on it to avoid disruption of the status quo.

The 2014 Economy Lingers On Under The Hope For Something Different

At this stage of almost relatively euphoric sentiment, up-to-date economic statistics will be less meaningful because “markets” are seeing what they want to see about a future that is no longer captured strictly by more of the same. In other words, the future has suddenly become a blank canvas upon which to project all the positives that were once claimed about “stimulus” in the generic sense.

War Breaks Out Between Neo-Cons And Libertarians Over Trump's Foreign Policy

A battle is brewing between the GOP foreign policy establishment and outsiders over who will sit on President-elect Donald Trump’s national security team.  The fight pits hawks and neoconservatives who served in the former Bush administrations against those on the GOP foreign policy edges.

China's President Calls Trump, Tells Him "Cooperation Is The Only Choice"

China's President Xi Jinping called Donald Trump and told him that cooperation was the only choice for relations between the world's two largest economies, with Trump saying the two had established a "clear sense of mutual respect". "The facts prove that cooperation is the only correct choice for China and the United States," China Central Television (CCTV) cited Xi as saying.

Frontrunning: November 11

  • Conquering Trump comes to DC (The Hill)
  • Trump’s Data Team Saw a Different America—and They Were Right (BBG)
  • Trump victory prompts U.S. fund managers to focus on inflation (Reuters)
  • Dollar’s Trump-Inspired Surge Sets Off Intervention Across Asia (BBG)
  • Trump Camp Works to Form Cabine (WSJ)

This Is No "New Cold War"; It's Far Worse Than That

Only M.A.D. avoided the Cold War becoming a hot war. But M.A.D. is not just a physical reality but equally importantly a mutually-shared belief-system, a belief-system that becomes no longer operative if one of the two sides switches to believe that a way exists actually to win a nuclear war - in other words, to believe that conquest of a nuclear power by another nuclear power is a real possibility.